FRED , maybe long term?

[DDuffeeInc]

I noticed a write up on AOL about Fred's. They are saying it could be something to look at. Maybe long term after all the mess is cleaned up with todays markets? Ticker FRED. I am not a chart expert yet, does it look like it has bottomed yet?

[wallstreetsedge]

fora mid term hold it looks pretty good..

holds some decent support just .50 below which shows in the past, people who held it were rewarded at 12.50-13.00

[BuyOnDips]

I noticed a write up on AOL about Fred's. They are saying it could be something to look at. Maybe long term after all the mess is cleaned up with todays markets? Ticker FRED. I am not a chart expert yet, does it look like it has bottomed yet?

I'd be bearish short term. It's had a great run this year, but the current chart looks like it's rolling over. Longs might sell to protect good profits. It also just crossed the 50 day moving average to the downside. Plus there was some recent small insider selling, but no insider buying. I'd avoid all retail right now. There's lots of strong competition in their space too. Plus their evaluation seems fairly high. They could always sell the company(I read they had some bids), but I wouldn't be in the stock for just that reason. Here's a couple of articles on FRED. They are a month old.

http://www.fool.com/investing/general/2008/05/30/freds-no-longer-a-retread.aspx

http://biz.yahoo.com/zacks/080530/12949.html?.v=1

Closing lots of stores.
http://biz.yahoo.com/ap/080529/fred_s_outlook.html?.v=1

http://finance.yahoo.com/q/ta?s=FRED&t=3m&l=on&z=m&q=l&p=m50,m200&a=r14&c=

Do your own homework. Good luck.

[wallstreetsedge]

heck no, whether its long term or short term, i think this one is a winner.. and when i say short term, i mean 1 week or less